Quote:
Originally Posted by st5ve
Ollie,
Club forums are a place for the enthusastic driver/owner in the vast majority of forums the cars members have will be older, classic or vintage. A lot of older Volvos have a relativley low value just look at the prices for 240, 340, 360, 740, 940, 440, 460, 480, 960, 850, S70, phase 1 V70 and some of the vintage cars. Loads of these cars are under £2000 in value if you go to the T5D5 forum loads of cars have had £2000 and over spent on performance upgrades. You say your company is competative and club members qualify for a discount, out of the above listed models of Volvo which ones will you insure when the value is under £2k? Do you research before posting on forums? If you did you would realise that you have just disclududed the majority of members on this forum from taking out insurance with Sky. Have a look in the various sections of this forum to see how active the newer models of Volvo are, not very.
You have kinda shot yourself in the foot with your qualifiying criterea for taking insurance out with your company.
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Hi,
points taken on board and yes research was done before offering the discount.
We are not here to promising to insure every member although we have insured a fair few VOC members, three or four in the last day in fact so we must be doing something right.
I'll check out the T5/D5 forum, maybe we can offer these guys a discount as well. Thanks for that
The £2000 value for Comprehensive cover is not set in stone, we try and look at each case on it's own merit, so for example a Volvo 340 (I pick this as an example as we insure these in fairly high volumes through our affiliation/sponsorship of Driftworks) worth £1500 would be considered for a fully comprehensive policy via our car club scheme. If a car is worth under £1500, paying for fully comp cover does not usually make finanical sense.
As a broker, we deal with a whole host of underwriters, we use three main underwriters for our car club scheme, the £2000 rule is in place only for these three so we
can quote fully comp on a car worth £100, we would just advise against and cannot promise the rate will be as competitive as it would be by using our car club scheme underwriters.
If a customer has a classic car then we can look at a classic car policy.
Thanks for your comments
Kind regards
Ollie
Schemes Liaison Manager
Sky Insurance